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Current Attempt in Progress Teal Mountain Company, a computer services company, entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $39,200 in the business in exchange for common stock of the company. 2. Purchased computers for office use (recorded as Equipment) for $29,400 from Ladd Co. on account. 3. Paid $3,920 cash for May rent on storage space. 4. Performed computer services worth $18,620 on account. 5. Performed computer services for Wharton Construction Company for $4,900 cash. 6. Paid Western States Power Co. $7,840 cash for energy usage in May. 7. Paid Ladd Co. for the computers purchased in (2). 8. Incurred advertising expense for May of $1,274 on account. 9. Received $11,760 cash from customers for contracts billed in (4). Assets Cash $3 (2) (3) (4) (5) (6) (7) (8) (9) (7) (8) (9) negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) + Common Stock +++RevenuesStockholdersEquity+RetainedEarningsDividends $ \( \bar{\hline} \) eTextbook and Media